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Feb 13, 2011

Financial & Forex Info News: China moves to No.2 as Japan shrinks | The Autralian Business Briefing









China moves to No.2 as Japan shrinks
Japan UPDATED Andrew Monahan JAPAN'S economy contracted in the fourth quarter of 2010, data showed today, ceding its spot as the world's second largest economy to China.
 
Leighton profit falls 25pc, lowers div
Leighton UPDATED David Fickling LEIGHTON Holdings posted today a 25 per cent fall in first-half net profit and reduced its interim dividend, sending its shares lower.
 
Apple plans a smaller, cheaper iPhone
Steve Jobs Yukari Iwatani Kane and Ethan Smith APPLE is working on the first of a new line of iPhones that would be smaller, lighter and cheaper, as smartphone competition heats up.
 
IAG cuts full-year margin forecast
IAG UPDATED Rebecca Thurlow INSURANCE Australia Group cut its margin guidance today following losses at its UK operations and severe flooding and storms in Australia.
 
Bendigo profit jumps, sees growth
An Image Bendigo Gavin Lower BENDIGO and Adelaide Bank posted a 67.1 per cent increase in first-half net profit today and said it was "well positioned for growth".
 
India market hit by $40bn scandal
mobile phone Rhys Blakely A CRISIS of confidence has gripped foreign investors in India as investigators close in on an alleged $US40 billion corruption scandal.
 
Stresses in oil markets to return
oil Sam Fleming THE stresses in the oil markets may may come much earlier than expected as demand for the black gold soars among emerging nations.
 
Smaller Asian economies to lead growth
Singapore port Daisy Maxey ASSET managers expect smaller emerging Asian markets to lead the way, rather than Brazil, Russia, India and China, a new study found.
 
Financial Markets
Shares rise as Egyptian worries ease
stock market EASING of political tensions in Egypt has seen risk appetite return to the Australian sharemarket, which was up 1 per cent by early afternoon.
 
Smaller Asian economies to lead growth
India market hit by $40bn scandal
 
Financial Markets Coverage
 
Mining & Energy
Atlas goes unconditional on Giralia
Iron ore ATLAS Iron has declared its off-market takeover offer for Giralia Resources NL unconditional and said it would accelerate payments.
 
Leighton profit falls 25pc, lowers div
Stresses in oil markets to return
 
More Mining & Energy Coverage

Apple to buy $7.8 billion in Samsung parts: report: MarketWatch - News Viewer




By Jung-Ah Lee 

SEOUL (MarketWatch) -- Apple Inc. /quotes/comstock/15*!aapl/quotes/nls/aapl (AAPL 356.85, +2.31, +0.65%) is expected to purchase components used for its handheld devices from Samsung Electronics Co. worth about $7.8 billion this year, the Korea Economic Daily reported Monday, citing industry sources.
The paper also said that Samsung will supply Apple with liquid crystal displays, mobile application processors and NAND flash memory chips used for the U.S. company's iPhones and iPads.
If the contract pushes through, Apple will become Samsung's largest customer, the paper added.
For more MarketWtach News viewer click:
http://www.marketwatch.com/story/newsviewer


Zynga's Talks With Investors Value Gaming Concern at Over $7 Billion | Technology Alert From WSJ

Technology Alert
from The Wall Street Journal


Social-gaming company Zynga is holding discussions with potential investors about raising around $250 million in new funding in a deal that could value the three-year-old start-up at between $7 billion and $9 billion.

In April Zynga filed papers authorizing the issuance of new stock that valued the company at about $4 billion.

http://online.wsj.com/article/SB10001424052748703515504576142693408473796.html?mod=djemalertTECH

Gillard resets health parameters: Financial And Forex Info News | The Australian Capital Circle





Capital Circle Newsletter


Gillard resets health parameters

The Prime Minister's health deal is a big win - but it comes as she slumps again in the polls.

The PM's day, per the press office: Julia Gillard is blitzing morning radio to talk about the health deal she signed off on with state Premiers last night. She will also face questions about the the latest opinion poll, published by Fairfax, which shows Labor's support has fallen to 46 per cent, down three points, compared to the Coalition's two-party preferred vote of 54 per cent. Later today she will fly to Launceston for the funeral of Corporal Richard Atkinson. And her day will end in Brisbane, where she will deliver a speech to the Australian Workers Union's 125th anniversary dinner.
"This is a truly national health deal...I didn't want one state or one territory left behind,'' she told ABC Radio's AM this morning.
Tony Abbott will also attend the funeral in Launceston for Corporal Atkinson.
Which team? Capital Circle would like to know which member of Treasurer Wayne Swan's staff attended the Menzies Research Centre's economic policy session held on Friday as part of an all-day conference in the House. The staffer's presence led one Liberal to joke that the Treasurer's office might be running out of ideas. As to the identity of the staffer, Capital Circle has made inquries, but we aren't holding our breath.
iEnvy: The PM's use of her iPad in yesterday's health meeting ruffled at least one Premier's feathers. Queensland's Anna Bligh was heard to ask why she couldn't use hers, too. Ms Gillard's explanation - that her tablet device has been modified so that it is safe to use in the cabinet room - did not placate the Queensland Premier.


Boom to Gloom For Budget: FINANCIAL AND FOREX INFO NEWS: | The Australian Business Briefing







Boom to gloom for budget
iron ore mining David Uren, Economics correspondent A SMALL fall in commodity prices would deliver a massive blowout in the budget, with the proposed mining tax increasing the vulnerability.
 
Buyback tipped with record BHP profit
BHP Billiton Matt Chambers BHP Billiton is expected to deliver the nation's biggest ever first-half profit this week.
 
India market hit by $40bn scandal
mobile phone Rhys Blakely A CRISIS of confidence has gripped foreign investors in India as investigators close in on an alleged $US40 billion corruption scandal.
 
Rio chief expects iron ore price to ease
Tom Albanese RIO Tinto, the world's second-biggest miner of iron ore, expects the price of the commodity to ease in two to five years as new supply comes to market.
 
Investors brace for sombre outlook
share market Tim Boreham LOCAL investors face a rising wall of worry this week as a slew of blue-chip industrial companies reveal subdued outlook commentary.
 
Foreign investment deals in China hit
China Michael Sainsbury, China correspondent CHINA has set up a panel to consider "national security" concerns in proposed business deals, the latest barrier for foreign firms.
 
Ansell bounces back with $250m plan
Ansell chief executive Magnus Nicolin Richard Gluyas A YEAR into his term as Ansell chief executive, Magnus Nicolin faces a defining few months as he prepares to loosen the purse strings.
 
Administrators race to sell power stations
power station Andrew Burrell ADMINISTRATORS for Ric Stowe's Griffin Coal will launch a rapid sale process next month for the failed tycoon's $1.2 billion power stations.
 
Financial Markets
Smaller Asian economies to lead growth
Singapore port Daisy Maxey ASSET managers expect smaller emerging Asian markets to lead the way, rather than Brazil, Russia, India and China, a new study found.
 
India market hit by $40bn scandal
Investors brace for sombre outlook
 
Financial Markets Coverage
 
Mining & Energy
Administrators race to sell power stations
power station Andrew Burrell ADMINISTRATORS for Ric Stowe's Griffin Coal will launch a rapid sale process next month for the failed tycoon's $1.2 billion power stations.
 
Fortescue keeps graziers afloat
ASIC to check Brockman share sale
 
More Mining & Energy Coverage

The Washington Post: Today's Highlights: Egypt's military to keep Mubarak government for now; protesters still in Tahrir



TODAY'S HIGHLIGHTS

Egypt's military to keep Mubarak government for now; protesters still in Tahrir
CAIRO - Egypt's military chiefs on Saturday sought to restore calm and stability to a country still exhilarated by the first fruits of its revolution. But the armed forces signaled there were limits to how much change they would tolerate, ignoring demonstrators' demands to dismantle the institut...
(By Craig Whitlock, Leila Fadel and Samuel Sockol, The Washington Post)

Mubarak resignation throws into question U.S.-Egyptian counterterrorism work
(By Mary Beth Sheridan and Joby Warrick, The Washington Post)

Pepco shareholders faring better than customers
(By Annys Shin, The Washington Post)

Obama to propose spending cuts in budget plan aimed at countering conservatives
(By Shailagh Murray and Lori Montgomery, The Washington Post)

For District's tea party supporters, home can feel like enemy turf
(By Steve Hendrix, The Washington Post)

More Today's Highlights